11/30/2021 | Press release | Distributed by Public on 12/01/2021 11:22
Sarnia, ON, November 29, 2021 - Aduro Clean Technologies Inc. ("Aduro", or the "Company") (CSE: ACT) (OTCQB: ACTHF) (FSE: 9D50), a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces the results of its 2021 Annual and Special Meeting ("AGM") of shareholders held on Monday, November 29, 2021, in Toronto, Canada.
Shareholders approved all the resolutions detailed in the management information circular of the Company dated October 28, 2021, namely:
A total of 16,442,117 common shares of the Company were voted at the AGM, representing 46.30% of the issued and outstanding common shares of the Company, with the following results:
|Resolution||Votes For||Votes Against||Votes Withheld|
|Setting number of directors at 4||100%||-||-|
|Elect Chris Parr as director||100%||-||-|
|Elect Peter Kampian as director||100%||-||-|
|Elect William Marcus Trygstad as director||99.99%||-||0.01%|
|Elect Ofer Vicus as director||99.99%||-||0.01%|
|Appointment of auditors||100%||-||-|
|Approval of Company's amended and restated incentive stock option plan*||99.93%||0.07%-||-|
About Aduro Clean Technologies
Aduro Clean Technologies Inc. is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost - a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the Company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil.
For further information, please contact:
Ofer Vicus, CEO
Craig MacPhail, Investor Relations
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